Business
Ooni of Ife becomes insurance broking ambassador
The Nigerian Council of Registered Insurance Brokers (NCRIB) has named the Ooni of Ife, Oba Adeyeye Ogunwusi, as an insurance broking ambassador in Nigeria.
The President of the Council, Dr. (Mrs) Bola Onigbogi, said this during a courtesy visit by the delegation of the council to the traditional ruler in his palace in Ile Ife, Osun State.
The NCRIB President noted that the traditional ruler had continued to demonstrate outstanding leadership and commitment to the growth of the insurance broking profession in Nigeria, stressing that the insurance industry’s capacity for growth would be enhanced if notable figures identified with the profession which she noted was the bastion of national economic growth.
Onigbogi implored the royal father to utilize his position in the comity of other prominent traditional rulers in the country to assist with the propagation of insurance to enhance their understanding of the pivotal place of insurance for strengthening of social relations at the grassroots as well as being a safety valve against perennial losses of property and lives.
“It is often the case that traditional rulers by virtue of their closeness to the grassroots are often the first point of contact by the people, especially when they suffer a loss and the embrace of insurance by the people would reduce the misery they often suffer and at the same time enhance the relevance of the traditional rulers to the people,” Onigbogi said.
Responding, Oba Ogunwusi promised to assist the insurance broking profession and the industry generally to underscore the crucial place of insurance as a risk-mitigating device amongst traditional rulers in the country, stressing that there is no economy that could archive desired progress and development if insurance and risk management are not giving their deserved place.
What is Bitcoin and Who created Bitcoin ?
Bitcoin is a cryptocurrency, a form of electronic cash. According to Wikipedia, it was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin blockchain network without the need for intermediaries. It is powered through blockchain technology.
Is Bitcoin real money?
Bitcoin is not a money that the government declared to be a legal tender i.e. it is not fiat money and does not have ties to any government. It is a cryptocurrency and can be used as payment or for investing purposes. Many mainstream companies and even some governments accept Bitcoin as payment.
To buy bitcoin in Nigeria at an affordable rate,
Visit: www.cryptonaira.ng
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre from N147.67 per litre Punch reports,
The PPMC disclosed this in an internal memo with reference number PPMC/C/MK/003, dated November 11, 2020, and signed by Tijjani Ali.
Read Also: NNPC’s staff receive N357bn as salary in a year
The memo, a copy of which was seen by our correspondent, said the new ex-depot price would take effect from Friday.
The ex-depot price is the price at which the product is sold by the PPMC to marketers at the depots.
In its PMS price proposal for November, the PPMC put the landing cost of petrol at N128.89 per litre, up from N119.77 per litre in September/October.
It said the estimated minimum pump price of the product would increase to N161.36 per litre from N153.86 per litre.
The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, in a telephone interview with our correspondent, said the over N7 increase in ex-depot price would translate into an increase in pump prices.
“Crude oil price is going up,” he said, noting that the Federal Government has fully deregulated petrol prices.
Following the deregulation of petrol prices in September, marketers across the country adjusted their pump prices to between N158 and N162 per litre to reflect the increase in global oil prices.
Petrol price band had also risen from N121.50–N123.50 per litre in June to N140.80-N143.80 in July and N148-N150 in August.
The Minister of State for Petroleum Resources, Timipre Sylva, said in September that the government had stepped back in fixing the price of petrol, adding that market forces and crude oil price would continue to determine the cost of the product.
The Dangote group has reacted to a recent report published on Bloomberg that their cement company was solely exempted from the Land Border Closure by the Nigerian government.
The report revealed that Dangote Cement was still able to export products despite the land border closure put in place by the Federal Government thus gaining an ‘unfair’ advantage.
Read Also: Meet Mariya Dangote: Dangote’s Daughter
Responding to the development in a statement sent to POLITICS NIGERIA, signed by Timilehin Oyedare, the cement giant disclosed that the report was ‘misleading’.
“Contrary to reports by Bloomberg that Dangote Cement was granted sole approval to export cement through the land borders, information has emerged that other companies also got approval to export through the land borders. Nigerian Customs Service has reportedly revealed that a gas company have also received presidential approval to move goods across the land borders.”
“Joseph Attah, the spokesperson for Nigerian Customs Service, was said to have clarified on phone from Lagos.”
“Dangote Cement and other companies in July, 2020 got partial special dispensation to export their products with certain sequence of crossing at Ilela land border in Sokoto State and Ohumbe land border in Ogun State, the company clarified.”
The Group Chief, Branding and Communications, Dangote Group, Mr. Anthony Chiejina, said the report is misleading and mischievous because it focused only on Dangote Cement as the sole beneficiary of the partial special dispensation.
Q & A5 years agoNigeria Coat of Arms & Nigerian Flag: All Facts You Should Know
Entertainment6 years agoDownload & Listen to “Jore” by Adekunle Gold ft. Kizz Daniel
Business5 years agoThe Biggest Container Ship Ever To Come To Nigeria Berths In Onne Port, Rivers State (Photos)
Q & A5 years agoThe 8 Hierarchy of Courts in Nigeria Explained: Functions & Jurisdiction
Q & A5 years agoNigerian Phone Numbers: Prefix For All Nigerian Networks
Politics5 years agoFull List of Nigeria’s Senate Presidents Till Date
- Business5 years ago
All you need to know about bitcoin
Politics2 years agoBreaking: UAE lifts visa ban on Nigerians
Joseph
February 10, 2020 at 8:00 am
My spouse and I stumbled over here coming from a different
website annd thought I mmight as well check things out. I like what
I see so now i am following you. Look forward to looking
over your webb page repeatedly.
Will
January 17, 2020 at 3:48 pm
Everyone loves what you guys tend to be up too. This sort
of clever work and reporting! Keep up the wonderful works guys I’ve added you guys
to my personal blogroll. I’ve been surfing
online more than 3 hours as of late, yet I by no means
found any attention-grabbing article like yours. It is beautiful worth sufficient
for me. In my opinion, if all webmasters and bloggers made just right content material as you did, the net shall be much more helpful than ever
before.
Bill
January 16, 2020 at 6:32 pm
Hi there, I log on to your blog on a regular basis.
Your story-telling style is awesome, keep it up! I could not resist commenting.